9 Dec 2019 16:41
HADRIAN'S WALL SECURED INVESTMENTS LIMITED (the "Company")
9 December 2019
RESULTS OF ANNUAL GENERAL MEETING
The Board of Hadrian's Wall Secured Investments Limited announces that, at the Annual General Meeting of the Company held earlier today, seven of the proposed resolutions were approved by shareholders on a poll, save for resolution 8, which was proposed as a special resolution and was not passed.
The number of Shares voted in person or by proxy on the resolutions, each of which was proposed as an ordinary resolution, save for resolution 8, which was proposed as a special resolution, was as follows.
1. To receive the Financial Statements and Directors' Report for the period ended 30 June 2019.
92,998,365 votes were in favour of the resolution (93.47% of the votes cast) and 6,491,899 votes (or 6.53 %) were cast against the resolution. 21,232,183 votes were withheld.
2. To approve the Directors' Remuneration Report for the period ended 30 June 2019.
114,224,548 votes were in favour of the resolution (99.99% of the votes cast) and 6,000 votes (or 0.01%) were cast against the resolution. 6,491,899 votes were withheld.
3. THAT Mr David Warr be re-elected as a Director of the Company.
84,349,869 votes were in favour of the resolution (99.98% of the votes cast) and 20,000 votes (or 0.02%) were cast against the resolution. 36,352,578 votes were withheld.
4. THAT Mr John Falla be re-elected as a Director of the Company.
99,470,264 votes were in favour of the resolution (99.98% of the votes cast) and 20,000 votes (or 0.02%) were cast against the resolution. 21,232,183 votes were withheld.
5. THAT Deloitte LLP, who had indicated their willingness to continue in office, be re-appointed as Auditors of the Company to hold office from the conclusion of this annual general meeting until the conclusion of the next annual general meeting of the Company.
114,230,548 votes were in favour of the resolution (94.62% of the votes cast) and 6,491,899 votes (or 5.38%) were cast against the resolution. No votes were withheld.
6. THAT the Directors be authorised to determine the remuneration of the Auditors for their next period of office.
120,722,447 votes were in favour of the resolution (100% of the votes cast) and no votes were cast against the resolution. No votes were withheld.
7. THAT the Company be and is hereby generally and unconditionally authorised in accordance with Section 315 of The Companies (Guernsey) Law, 2008 (as amended) (the "Law") to make market acquisitions (as defined in the Law) of its ordinary shares of no par value in the capital of the Company ("Ordinary Shares").
120,722,447 votes were in favour of the resolution (100% of the votes cast) and no votes were cast against the resolution. No votes were withheld.
8. THAT the Directors of the Company be and are hereby empowered to dis-apply pre-emption rights in respect of the allotment of issue of Ordinary Shares as detailed within the Notice of Annual General Meeting.
66,907,293 votes were in favour of the resolution (55.42% of the votes cast) and 53,815,154 votes (or 44.58%) were cast against the resolution. No votes were withheld.
The Board notes the substantial proportion of votes cast against Resolution 8, which was not passed by Shareholders. The Board intends to consult with shareholders who opposed this resolution in order to understand the reasons behind their vote, with the findings from this and details of any subsequent actions taken by the Board being made available before 9 June 2020.
LEI: 213800ABN7VKMVNOLG14
For further information please contact:
Contact Details
Hadrian's Wall Capital (Investment Adviser)
Ron Miao / Mike Schozer Telephone 020 3026 8620
International Fund Management (Investment Manager)
Chris Hickling Telephone 01481 737600
Winterflood Investment Trusts (Corporate Broker)
Joe Winkley / Neil Morgan Telephone 020 3100 0000